Deepexi Technology (SEHK:1384) Stock Revenue Builds While Losses Stay Heavy

Deepexi Technology’s stock has been grinding lower for weeks, and today’s earnings highlight one uncomfortable truth. Revenue in the latest half year sits in the hundreds of millions of CNY, but the company is still posting sizeable losses and the price to sales multiple of 15.9x asks investors to pay up for that growth story.

The market has already marked the shares down over the past month and quarter, which suggests investors were braced for bad news. The key question now is whether ongoing losses and a rich software valuation justify that caution or stretch it too far.

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H1 2026 Earnings Summary

• Revenue (H1 2026 vs. H2 2025): C¥566.876 million vs. C¥414.991 million (higher level of reported revenue)
• Net Loss (H1 2026 vs. H2 2025): C¥658.254 million loss vs. C¥934.559 million loss (smaller reported loss)
• Basic EPS (H1 2026 vs. H2 2025): C¥2.09 loss per share vs. C¥3.20 loss per share (smaller loss per share)
• Earnings from Continuing Operations (H1 2026 vs. H2 2025): C¥658.254 million loss vs. C¥934.559 million loss (smaller loss from core operations)

Prefer clean charts instead of another wall of financial figures and footnotes? See Deepexi Technology’s full financial picture with a clear view on its valuation in our company report for Deepexi Technology.

Revenue traction keeps Deepexi growth story alive

For investors focused on the AI rollout story at Deepexi Technology, the latest half year shows the business still pulling in meaningful revenue. Reported sales of C¥566.876 million are higher than the prior half, which supports the idea that enterprise customers are engaging with the platform. Losses remain significant, yet the smaller net loss and basic EPS loss compared with the previous half suggest that, at the margin, the income statement is moving in a less negative direction.

Persistent losses keep Deepexi risk firmly on the table

The bear case for Deepexi Technology leans heavily on profitability, and the current numbers keep that concern front and center. The company booked a C¥658.254 million net loss in just six months, which is substantial relative to current revenue. EPS remains firmly in loss territory. Recent share price performance, with the stock down over the past 7, 30 and 90 days, also signals that equity investors remain cautious about the immediate earnings profile of this AI platform business.

Compare Deepexi Technology’s shrinking losses and higher reported revenue with how the stock now trades around HK$31.22 after the earnings release, then consider whether analysts think this operational progress is enough to support the current P/S of 15.9x. See the consensus price target analysis for Deepexi Technology

Take Control Of Your Next Move

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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